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IFC Sponsors Ghanaian Student Architects to GBCSA Conference

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The International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with Orthner Orthner & Associates, is sponsoring three architectural students from Ghana to attend the annual conference of the Green Building Council South Africa (GBCSA) in Cape Town. The project has been funded by the State Secretariat for Economic Affairs (SECO) with technical support provided by SGS and thinkstep.

The students are the winners of a sustainable design competition using IFC’s EDGE green building software.

Participants in the competition, launched on July 18 this year, were selected from the Architecture Department of the Central University in Accra.

The competition challenged students to design a cutting-edge, single-family home intended for a young family located around the outskirts of Accra using only locally available materials. A panel of experts decided on the top three designs.

The students who emerged as winners of IFC’s Student Architectural Design Competition were awarded an all-expense paid trip to Cape Town to attend GBCSA’s 12th Green Building Convention, to be held October 2-4. They will also receive professional training on the EDGE software and engage with accredited EDGE Experts, with the intention of bringing home best practices upon their return.

David Ekow Ampiaw, aged 20, emerged the topmost winner with Olufemi Abodunrin and Cheryl Omani-Baah placing second and third respectively.

The winners were full of praise to organizers for the competition and emphasized they were eagerly awaiting the trip and their chance to contribute to the greater knowledge of EDGE and green building design in Ghana.

Ninnette Quao Fio, a lecturer at the Architecture Department of the Central University, explained to News Ghana in an exclusive interview why the competition has come at an opportune time.

She said, “The world is now going green so it is relevant that we inculcate in the education of our students how to design in a sustainable way, making use of affordable, high-quality local materials while taking care of the environment.”

The Central University Architecture Lecturer commended IFC for introducing the competition and expressed optimism it will continue in the coming years. “I hope going forward this will last because it’s an innovative idea that IFC has introduced. It’s relevant to the construction industry and students are also getting the idea of how to design buildings in a sustainable manner.”

By 2050, the built environment is expected to double due to high population growth and urbanization trends. This has serious implications for global warming, as buildings already generate 19 percent of energy-related GHG emissions and consume 40 percent of electricity worldwide.

Switzerland, through the State Secretariat for Economic Affairs, considers the need for more sustainable buildings so important that it provided seed capital for IFC’s EDGE.

EDGE is a green building certification system available in more than 150 countries with an online, free-to-use application that is tailored to emerging economies. The EDGE platform, available at www.edgebuildings.com, allows those involved with designing and developing projects to proceed to being certified when the requirements of 20 percent savings across energy, water and embodied energy in materials are met.

SECO’s support for EDGE has resulted in an upward trajectory of certified buildings in Ghana and the region, where the construction sector is booming. “Green building standards, such as the EDGE standard, can play an important role in greening the economy and in ensuring greater resource efficiency and environmental sustainability of new buildings,” said Matthias Feldmann, Deputy Head of Mission /Head of Cooperation for SECO.

He further emphasized, “With EDGE we found a way to push design practices to higher levels and foster innovation in the financial sector to accelerate green buildings.”

In Ghana, mortgage rates are more than 30 percent and annual inflation is 9 percent, so a certified green home makes a measurable difference in the lives of homebuyers struggling to make ends meet. Lower utility bills translate to a better quality of life, as families can reinvest savings into other areas such as education. It is envisaged that IFC and SECO will have a generational impact by encouraging greener building practices with EDGE.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Education

Again, NELFUND Extends Deadline for 2025/26 Session Loan Applications

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By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.

According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.

“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.

Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.

Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.

“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.

The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.

It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.

Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.

The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.

Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.

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NRS to Boost Tax Education in Nigerian Institutions

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By Adedapo Adesanya

The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.

According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.

Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.

He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.

The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.

Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.

By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.

The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.

The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.

The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.

The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.

The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.

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Airtel Africa Foundation Gives Scholarship to 70 Nigerian Undergraduates

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By Modupe Gbadeyanka

The first batch of Nigerian undergraduates to enjoy fully paid scholarships for studying science, technology, engineering and mathematics (STEM) courses across the continent has been chosen by Airtel Africa Foundation.

Business Post gathered that 70 students from universities across Nigeria were selected from thousands of applicants through an independently managed process, which took nearly six months.

It was learned that most of the undergraduates were from the University of Lagos (UNILAG), Obafemi Awolowo University (OAU) Ile-Ife, the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), the University of Ilorin, Ahmadu Bello University (ABU Zaria), and the University of Nigeria (UNN).

The scholarship covers tuition, laptop computers, living expenses, and essential learning resources, a statement from Airtel Africa Foundation disclosed.

The chairman of the foundation, Mr Segun Ogunsanya, speaking at the presentation of the scholarships to the beneficiaries at the Lagos headquarters of Airtel Nigeria, emphasised the need for initiatives such as the Airtel Africa Foundation’s undergraduate tech scholarship for the future of the continent.

“True legacy is not measured by the awards we win or the volume of SIM cards we sell; it is measured by the lives we save, the people we feed, and the students we support when the line between success and failure is at its thinnest.

“At the Airtel Africa Foundation, we believe that lifting people out of poverty is the ultimate benchmark of a great company. Today, we are writing that legacy by tilting the balance in favour of the brilliant but underserved, ensuring that the fourth industrial revolution, driven by AI and Data Science, is built by African talent for the African continent,” he stated.

Mr Ogunsanya further revealed that this fellowship, executed through Airtel Nigeria, is designed to bridge the gap where funding, skills, and opportunity often fail to meet.

In addition to the N500,000 yearly budget for the fellows’ four-year or five-year courses, each fellow would be integrated into a structured support system for academic guidance and career mentorship, intended to ultimately transition students from the classroom to the global tech workforce.

Addressing the students, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, stressed that youth development is a strategic imperative for Airtel.

“At Airtel Nigeria, we view youth development as essential nation-building. When young people succeed, innovation accelerates, and social stability improves.

“By connecting these brilliant scholars to knowledge, skills, and confidence, we are fulfilling our core mission to connect people to opportunity. To our recipients: you earned your place here through merit and discipline. You are now ambassadors of excellence, and we expect your leadership to be defined by your conduct as you help shape a more inclusive digital future for Nigeria,” the Airtel Nigeria chief said.

The Nigerian cohort joins a prestigious network of Airtel Africa Foundation fellows currently studying in Tanzania, the Democratic Republic of Congo (DRC), Uganda, and India.

The initiative underscores a broader commitment to technology education, youth development, and Nigeria’s digital economy.

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